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#vantagescore-40 #fico #fhfa #mortgage-industry #mortgage-lending #buy-now-pay-later #mortgage-underwriting
Philosophy
fromThe Conversation
2 days ago

Moral metrics: Are corporate algorithms becoming our new moral authorities?

Metrics and algorithms increasingly define moral behavior and personal worth, replacing traditional religious and cultural frameworks that historically guided ethical standards.
SF real estate
fromwww.housingwire.com
5 days ago

From loan pools to consumer wallets: The ripple effects of credit score lender choice

The FHFA directed approval of two credit scores despite GSEs recommending only FICO 10T, and a lender-choice model between FICO and VantageScore will create pricing inconsistencies and risk measurement challenges in the secondary mortgage market.
Real estate
fromwww.housingwire.com
1 week ago

Verification is the new credit score

The mortgage industry's core challenge is data confidence and reconciliation across multiple independent systems, not processing speed, as traditional credit scores cannot validate the consistency and reliability of increasingly complex data sources.
fromwww.housingwire.com
1 week ago

TransUnion cuts VantageScore 4.0 price to 99 cents for lenders

TransUnion is committed to lowering the cost of mortgage origination for every American looking to buy or refinance a home, Satyan Merchant, senior vice president and mortgage business leader at TransUnion, said in a statement.
Real estate
#fico
more#fico
Tech industry
fromwww.housingwire.com
3 months ago

FICO and Plaid partner on updated UltraFICO Score

FICO and Plaid will deliver a single mortgage score combining traditional credit history with real-time cash-flow and transaction data to improve lending decisions.
fromwww.housingwire.com
4 months ago

Rental payment reporting boosts mortgage eligibility

VantageScore said the results demonstrate that rent is both a strong indicator of repayment risk and a tool for greater financial inclusion. The study analyzed the impact of this positive rental data on the renter's VantageScore 4.0 credit score. It found that adding consistent, on-time rent payments to credit files improves the predictive performance of the VantageScore 4.0 credit scoring model. The data helps to identify up to 11% more defaults in higher-risk score ranges and delivers a 3.7% increase in overall predictive accuracy.
Real estate
#vantagescore-40
more#vantagescore-40
fromBusiness Matters
7 months ago

Traditional credit scoring is locking out UK startups, warns Swoop Funding CEO

The outdated business credit scoring models are shutting out promising UK startups from crucial funding, urging a cultural and systemic rethink to match modern entrepreneurship.
Startup companies
#homeownership
more#homeownership
#buy-now-pay-later
fromFortune
8 months ago
Marketing tech

Gen Z's beloved Buy Now, Pay Later will soon impact credit scores, which could pose risks for vulnerable borrowers

fromFast Company
8 months ago
Marketing tech

FICO's new credit scores will include buy now, pay later loans data. Here's how it could impact your score

fromFortune
8 months ago
Marketing tech

Gen Z's beloved Buy Now, Pay Later will soon impact credit scores, which could pose risks for vulnerable borrowers

fromFast Company
8 months ago
Marketing tech

FICO's new credit scores will include buy now, pay later loans data. Here's how it could impact your score

more#buy-now-pay-later
E-Commerce
fromFuturism
8 months ago

Microloan Apps May Be Poised to Destroy the Economy

FICO will begin incorporating BNPL data into credit scores, impacting consumers' financial profiles.
fromwww.housingwire.com
8 months ago

FICO to add Buy Now, Pay Later data to credit scores

The new FICO scores will integrate BNPL installment loan data into credit reports, providing lenders with clearer insights into borrowers' financial behavior.
Business intelligence
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